VST Tillers slumps after dismal Feb sales

VST Tillers Tractors tanked 10.26% to Rs 720 after the auto maker announced muted sales in February 2020.

Mar 19, 2020 09:03 IST capital market

The company, after market hours on yesterday, 18 March 2020, announced that its total auto sales (power tiller plus tractors) declined 7.27% to 1925 units in February 2020 as against 2076 units reported in February 2019.

Sale of power tillers fell 8.96% YoY to 1,361 units in February 2020 over February 2019 while sale of tractors declined 2.93% to 564 units in February 2020.

VST Tillers Tractors is engaged in the manufacturing of power tiller and tractor.

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